Long-term energy savings

Investing in solar panels not only leads to immediate utility bill savings but also pays off over the long term. The average monthly electricity expenditure for residents is $232, amounting to $2,784 annually and $82,600 over 25 years. Over 20 years, homeowners could potentially save about $52,051 on electricity expenses.

Environment friendly

Solar power generates electricity without emitting greenhouse gases, reducing reliance on finite fossil fuels with minimal environmental impact. It’s a readily available and sustainable energy choice, helping decrease home dependence on the grid. This not only reduces environmental impact but also contributes to achieving net-zero emissions goals.

Cost-effective tax incentives and rebates

Residents of Arizona are eligible for the following tax incentives and rebates on solar power installation –

1. 25% off the cost of solar panels (up to $1,000) as personal income tax reimbursement.
2. 30% off the cost of the solar energy system as a Residential Clean Energy Credit.
3. No sales tax on the purchase of solar energy systems.
4. No additional property tax on the increased value of the home on installing solar panels.

Appreciation in the property cost

The high energy efficiency and sustainability of solar panels increase the value of your property up to $20 for every $1 saved. Potential home buyers are willing to pay 4.1% more for homes equipped with solar panels.